Donald Trump is worth $4.2 billion: Report
Stocks filings from 2012 show Trump to be worth $4.2 billion, with some cash, according to a news report. He has claimed to be worth $10 billion in electoral filings.Updated: Jul 03, 2016, 23:09 IST
Just how rich is Donald Trump? Plenty, but not as much as he has claimed.
Stocks filings from 2012 show Donald Trump to be worth $4.2 billion, with some cash, according to a news report. The presumptive Republican nominee has claimed to be worth $10 billion in electoral filings, and insisted he is worth more, but continues to reject calls for him to disclose his tax records to back up those claims.
After making a big deal for long about self-funding his campaign to stay out of the clutches of donors and interest groups, he is now aggressively seeking donations - even $3 would do.
Trump’s wealth has been a matter of much speculation for the better part of his career as a real-estate magnate, and more so since he jumped into the race for the White House.
His Democratic rival, Hillary Clinton, has called him an “alleged billionaire” and others of the billionaire club, such as Mark Cuban, openly speculate if he is really one of them.
He is, show 2012 filings with the Securities and Exchange Commission (SEC), accessed by UK-based The Guardian, which show him worth $4.2 billion, with $250 in liquid cash.
Trump, who is prickly about his image and about real and imagined slights, hadn’t responded to The Guardian’s revelation till the filing of this news report.
The SEC filings were made by Wells Fargo Securities, an international banking and investments firm, on behalf of the real-estate magnate who is based in Manhattan, New York.
A section of the 132-page filing said, “The sponsor is Donald J Trump. Mr Trump has significant commercial real estate holdings worldwide including interests in office, retail, residential, golf-clubs and hospitality properties in markets including New York, San Francisco, Florida, Washington DC, and Scotland. As of 30 June 2011, Mr Trump reports a net worth in excess of $4.2 bn and liquidity in excess of $250 m.”
Forbes magazine has roughly the same estimates for Trump, $4.5 billion. But in May 2106, his campaign reiterated the $10 billion claim, adding Trump earned $557 million in 2015.
Trump has also said his liquid assets were worth $400 million, with which he funded his campaign, at least the primaries. He has already spent $50 million of that, loaned to his campaign.
But after railing against his Republican rivals for accepting donations, which, he reminds his supporters, left them beholden to their respective donors, he has flipped - as he is known to.
His campaign is now seeking contributions. Being late to the game, he got badly out-raised by Clinton for the May takings, which has spurred his campaign to get aggressive.
Anything from $3 would do, according to campaign mailers.